THE "CENSORSHIP OF THE DEIGITAL AND ICO MARKETS" OF EE. UU IT SUNS IN MULTIPLE AUDIENCE AFTER COINS.

After the US Congress UU Holds two virtual currency and blockchain hearings on February 6 and 14, a subcommittee of the Financial Services Committee of the US House of Representatives. UU He held a theme on the night of March 14 in Beijing. Check the cryptocurrency and the first token issued by the market audience.

The hearing marked the first time within the National Assembly that will specifically deal with issues related to the issuance of new tokens. The audience will examine the economic efficiency and potential financing opportunities offered by cryptocurrencies and first generation currency offers for companies and investors, and review the status of applicable laws so that investors receive full protection from federal securities laws. .

In addition, the audience will consider that regulators (such as the SEC) use existing laws to supervise cryptocurrency and the issuance of money for the first time, and how to further clarify supervision.

At the hearing, many members of the subcommittee expressed the need to strike a balance between monitoring and adapting to technological innovation. Representative Randy Hultgren of Illinois stated:

"Congress has a responsibility to ensure that investors are protected without impeding their development."

Many of the topics of the hearing focused on the current regulatory situation in the United States, some of which were directed against Mike Lempres, the main legal and risk officer of Coinbase. Some members expressed great interest in the issue of legislation to solve the cryptocurrency and the regulatory problems of the block chain.

After the hearing, several currencies showed a downward trend, with bitcoin falling more than 8% in 24 hours.

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